Arch Network, a Bitcoin-native application and smart contract platform, received a seed investment from OKX Ventures.
The amount of tech deal was not disclosed.
The company intends to use the funds to expand operations and its development efforts.
Arch Network provides a Bitcoin-native application platform, enabling bridgeless DeFi on the blockchain. It is a parallelized, proof-of-stake network that leverages zero-knowledge proof (ZK proof) technology to enhance Bitcoin-native programmability. The network consists of a Rust-based zkVM, called the ArchVM, and a decentralizedverifier network. Together, these components form a execution environment directly within the Bitcoin blockchain, allowing for bridgeless trading experiences.
FinSMEs
10/05/2024